GBP/AUD is seeing a much anticipated retracement after melting out of a series of consolidation ranges that kept price action in between since mid June. Subsequently this pair has created a new lower low before initiating this correction that is taking place which seems to be coming to a halt as we can see a bearish divergence on the H1. RSI illustrates that price ...
A bullish divergence has formed between the W and Y waves. We also look to be finding support on the .618 (golden ratio). If the .618 breaks with momentum we could still fall to the .786. Let's hope the .618 holds!
Especially as we are approaching a key resistance level, RSI divergence, and a decrease in volume, could mean a big drop... (i do hope i'm wrong on this!)
I am potentially look for a BUY/LONG set up on the EURGBP.
My daily analysis is showing me a bullish divergence across the lows to a potential demand zone 0.85794 which will also be a 161.8 fib extension.
My 4hr have has provided me with a potential bull crab pattern in that there a potential bullish Wolfe Wave at works, if i can get move down to 0.85833 then ...
Gartley Harmonic completion at major structure. Further move to the downside?
Follows on nicely from previous winners -
https://uk.tradingview.com/chart/EURAUD/lc1oufkP-EURAUD/
Recently, we saw most Cryptocurrencies decline in value. This gave us a good buying opportunity in Ethereum because it held the 0.382 retracement, suggesting a wave 4 low was in. This suggests that we are likely to see a further rally into Tuesday and possibly Wednesday.
We must be careful, however, since there is a signifiacant amount of divergence coming in ...
At first I thought that the USDZAR downtrend had been halted and a new uptrend started. However, price has respected a previous important high (August and November 2016)and has quickly moved down to just break past and sit at the previous low set March 2016. Currently it looks more like a long term range forming. The latest up moves were from potential ...
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Sterling was flat but still holding near a three-month high of $1.36 on Wednesday, after a survey showed that growth in Britain’s construction sector slowed last month. The PMI came in just below a median forecast of 52.5 in a Reuters poll of economists. However this price actions only ...
comments under the first chart :
BTCUSD
As stated on https://uk.tradingview.com/chart/BTCUSD/Km7qnMxo-Divergence-across-the-board-Expect-pullback-to-20-EMA/ "some grey eminences making too much money"
I d just say "some banksters got in BTC, and they overbought, too much. now they will give the option to their customers.
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I don't like Bitcoin, because of uncertainty that it brings. Government and Regulators could kill Bitcoin stone dead ages ago, but it seems that at the moment though some grey eminences making too much money, for this to stop.
The world’s biggest exchange is joining the bitcoin revolution.
Bitcoin ...
D1 & H4 charts has been showing a bullish divergence (purple arrow lines) for a while now so maybe now price staring to reverse. On H4 chart price has already to raise but it has to 1st pass the 20 SMA & the trend-line resistance (black line) to clearly signal that price will remain bullish.
